Loan for PMH's Critical Care unit 'finalised'
The Public Hospitals Authority (PHA) has “finalised” the loan to purchase essential medical equipment for its new Critical Care Block, although its managing directors did not give dates and details on how this would be secured.
BICA appoints chief executive
The Bahamas Institute of Chartered Accountants (BICA) has appointed Shavardo Thompson (pictured) as its chief executive.
Hotels in Family Island discounts on football game
Several New Providence hotels are offering special rates to facilitate Family Islanders attending next month’s US college football game.
GB's 36% room revenue rise a happy 'memory'
Grand Bahama saw a 67,184 increase in the number of occupied hotel rooms for the 2014 first half, a rise likely driven by the Memories Resort’s opening.
Recovery firm partners to find 'lost' Bahamian assets overseas
A local firm has formed an international partnership to trace and recover unclaimed foreign assets belonging to Bahamas residents and companies.
Hotels brace for 150% VAT tax burden rise
Bahamian hotels will see their tax obligations increase 125-150 per cent under Value-Added Tax (VAT), which the industry ‘can live with’ provided the Government makes changes in seven key areas to maintain its global competitiveness.
Gov't 'at the precipice' over borrowing returns
The Government is “right at the precipice” where ever-increasing debt servicing costs mean it fails to get a full 100 per cent return for every dollar borrowed.
Top contractor hopeful on 50% 'inquiry' growth
A leading contractor has seen a 50 per cent year-over-year increase in inquiries from potential construction clients, although he believes the industry’s prospects will not improve until the New Year.
Banking jobs lost with RBC PI branch closure
More banking jobs are set to be lost after Royal Bank of Canada (RBC) confirmed over the weekend that it plans to close its Paradise Island branch on October 17, part of a continuing consolidation strategy designed to reduce costs and boost efficiency.
Tax Coalition: Make it easier to terminate bad public servants
The Government is being urged by the private sector to amend General Orders to make it easier to fire non-performing civil servants who fail to collect due taxes.
BISX-listed fund eyes 20% vacancy rate at flagship
The BISX-listed Bahamas Property Fund is aiming to slash vacant space at its flagship Bahamas Financial Centre to 20 per cent by year-end, as it hopes to seal a deal that will offset the September loss of its FINCO branch.
We will all lose to rampant VAT fraud
Value-Added Tax (VAT) is a topical issue and one that many Bahamian business owners and consumers are concerned about.
BORCO honoured for 1m injury-free hours
Bahamas Oil Refining Company (BORCO) staff have been rewarded for working one million hours without a ‘Lost Time Injury’ since February 2011.
PHA tells Cavalier: Prove we owe $5.5m
The Public Hospitals Authority (PHA) was yesterday accused of “failing to recognise” it owed Cavalier Construction $5.5 million for building the Critical Care Block, yet its managing director challenged the contractor: “Prove it.”
'Don't lose sight' of $650m waste plant's benefits
Bahamians were yesterday urged “not to lose sight” of the benefits Stellar Energy’s proposed waste-to-energy plant could deliver for them, a senior company executive saying the project presented this nation with “a golden opportunity” to lead the Caribbean.
